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Last $19.99 USD
Change Today 0.00 / 0.00%
Volume 0.0
CRBBF On Other Exchanges
Symbol
Exchange
Toronto
Toronto
OTC US
OTC US
As of 4:30 PM 12/1/14 All times are local (Market data is delayed by at least 15 minutes).

corby spirit and wine-cl b (CRBBF) Snapshot

Open
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Previous Close
$19.99
Day High
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Day Low
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52 Week High
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52 Week Low
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Market Cap
434.4M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
4.2M
EX-Date
05/27/15
P/E TM
--
Dividend
$0.79
Dividend Yield
5.89%
Current Stock Chart for CORBY SPIRIT AND WINE-CL B (CRBBF)

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corby spirit and wine-cl b (CRBBF) Details

Corby Spirit and Wine Limited markets spirits and imports wines. The company sells its owned-brands in Canada and other international markets, as well as represents various non-owned brands in the Canada. It offers spirits and wines, including Wiser’s Canadian whiskies, Lamb’s rum, Polar Ice vodka, and McGuinness liqueurs, as well as various international marques, such as ABSOLUT vodka; Chivas Regal, The Glenlivet, and Ballantine’s Scotch whiskies; Jameson Irish whiskey; Beefeater gin; Malibu rum; Kahlúa liqueur; Mumm champagne; and Jacob’s Creek, Wyndham Estate, Stoneleigh, Graffigna, and Kenwood wines. The company was formerly known as Corby Distilleries Limited and changed its name to Corby Spirit and Wine Limited in November 2013. Corby Spirit and Wine Limited is based in Toronto, Canada. Corby Spirit and Wine Limited is a subsidiary of Hiram Walker & Sons Limited.

169 Employees
Last Reported Date: 09/24/14

corby spirit and wine-cl b (CRBBF) Top Compensated Officers

Chief Executive Officer, President, Managing ...
Total Annual Compensation: C$356.0K
Chief Financial Officer, Vice President, Dire...
Total Annual Compensation: C$261.5K
Vice President of Public Affairs, General Cou...
Total Annual Compensation: C$249.2K
Vice President of Human Resources
Total Annual Compensation: C$246.0K
Vice President of Sales
Total Annual Compensation: C$190.0K
Compensation as of Fiscal Year 2014.

corby spirit and wine-cl b (CRBBF) Key Developments

Corby Spirit and Wine Limited Announces Executive Changes

Corby Spirit and Wine Limited's Board of Directors announced that John Leburn, Vice President, Chief Financial Officer of Corby, will leave the company, effective August 31, 2015, and return to his native Scotland for family reasons. Antonio Sanchez has been appointed as his successor as Vice-President, Chief Financial Officer of Corby effective September 1, 2015. Mr. Sanchez has also been appointed as a Corby director effective as of such date filling the vacancy created by Mr. Leburn's departure. Antonio Sanchez brings extensive financial and operational experience to Corby, having served in various executive capacities. He has over 19 years of industry experience in Asia (Japan), Europe (Spain, Czech Republic, United Kingdom) and America (United States, Mexico) with several Pernod Ricard affiliates and predecessor companies. Prior to joining Corby, he served as Chief Financial Officer of Pernod Ricard Japan, following the same role at Jan-Becher, where he was involved in both distribution and production at the Pernod Ricard affiliates. Mr. Leburn will assist Mr. Sanchez with his transition into his new role in the months ahead. During Mr. Leburn's term at Corby, the Company furthered its efficiency and productivity efforts, expanded into digital marketing and renewed the Canadian representation of Absolut vodka, keeping the iconic brand part of the Corby premium portfolio. For twelve months following his return to the United Kingdom, Mr. Leburn will be involved in various operational efficiency projects for the Pernod Ricard Group, acting as Project Director, Finance for Pernod Ricard Headquarters and reporting to Gilles Bogaert, Pernod Ricard S.A., Managing Director, Finance and Operations.

Corby Spirit and Wine Limited Declares Dividend, Payable on June 12, 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

The Corby Spirit and Wine Limited Board of Directors declared a dividend of $0.19 per share payable on June 12, 2015 on the Voting Class A Common Shares and Non-voting Class B Common Shares of the company to shareholders of record as at the close of business on May 29, 2015. The company reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported revenue of $26.8 million against $28.6 million a year ago. Earnings from operations were $3.1 million against $4.1 million a year ago. Earnings before income taxes were $3.3 million against $4.2 million a year ago. Net earnings were $2.4 million or $0.08 per basic and diluted share against $3.1 million or $0.11 per basic and diluted share a year ago. For the three month period ended March 31, 2015, net earnings decreased $0.7 million or 24% when compared to the prior year. The earnings decrease is largely attributable the non-repeat of one-time, non-cash savings of $0.7 million in the prior year. This saving related to amendments to certain of the Company's employee defined benefit pension plans including reductions in some early retirement provisions and an increase in employee contributions effective from January 1, 2014. Net cash from operating activities was an outflow of $1.4 million during the quarter ended March 31, 2015 compared to an inflow of $8.2 million in the same quarter of the prior year, representing a decrease of $9.6 million. The quarter-over quarter change is attributable to a net change in working capital due to delays in customer receipts and higher cash payments settling heavier advertising and promotional spend through the first half of the fiscal year. Additions to property and equipment were $0.4 million against $0.4 million a year ago. For the nine months, the company reported revenue of $99.6 million against $103.9 million a year ago. Earnings from operations were $17.4 million against $24.2 million a year ago. Earnings before income taxes were $17.9 million against $4.2 million a year ago. Net earnings were $13.1 million or $0.46 per basic and diluted share against $18.1 million or $0.64 per basic and diluted share a year ago. On a year to date basis, net earnings decreased $5.0 million or 28% when compared to the same nine month period last year. The decline is largely attributable to lapping the J.P. Wiser's Rye and J.P. Wiser's Spiced whisky launch in the US in the comparative period. In addition to the non-repeat of inventory pipe-line build-up for the US launch, advertising and promotional investment for these brands has now ramped up to drive awareness and trial. For the year to date period, net cash from operating activities was $14.6 million, a reduction of $8.1 million compared to the same nine month period last year. This includes lower earnings, adjusted for non-cash items of $5.6 million and reduced working capital due to delays in customer receipts and timing of vendor payments of $3.3 million. Additions to property and equipment were $1.7 million against $0.6 million a year ago.

Corby Spirit and Wine Limited Declares Quarterly Dividend, Payable on March 13, 2015

Corby Spirit and Wine Limited’s Board of Directors declared a dividend of $0.19 per share payable on March 13, 2015 on the voting class A common shares and non-voting class B common shares of the company to shareholders of record as at the close of business on February 27, 2015.

 

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